21Shares Seeks SEC Approval for Spot Dogecoin ETF as DOGE Market Cap Hits $24 Billion

In a significant move for the cryptocurrency market, 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin (DOGE) exchange-traded fund (ETF). The proposed ETF aims to track DOGE’s price movements directly, offering investors a regulated avenue to gain exposure to the meme-inspired cryptocurrency. This development comes as Dogecoin’s market capitalization reaches $24 billion, solidifying its position as the eighth-largest cryptocurrency by market value. Bloomberg analysts estimate a 75% chance of SEC approval for the spot Dogecoin ETF in 2025, signaling growing institutional interest in alternative digital assets. The filing, reported by ETF analyst James Seyffart, marks another milestone in cryptocurrency’s journey toward mainstream financial products.

21Shares Files to Launch Spot Dogecoin ETF with SEC

21Shares has requested authorization from the SEC to list a spot Dogecoin ETF designed to replicate DOGE’s price movement. The market capitalization of DOGE hit $24 billion, ranking it as the eighth largest cryptocurrency. Bloomberg’s analysts see a 75% likelihood of the SEC approving an in-the-spot Dogecoin ETF in 2025. James Seyffart reported that 21Shares has formally submitted to the US Securities and Exchange Commission (SEC) to list an ETF for spot Dogecoin, following filings by Bitwise and Grayscale. The offered fund will allow investors to gain exposure to Dogecoin’s price fluctuations without holding its token.

Dogecoin Price Prediction and Latest News

Top holders may not be able to keep their position for long according to Dogecoin price prediction reports. Most top holders are continuing to buy Dogecoin but less so. However, a new token shows great real-world applicability with an easy solution for high costs and long waiting times on cross-border payments. Investors consider it currently one of the top cryptos in which to invest. Meanwhile, Dogecoin is still popular but according to the latest statistics, Dogecoin price prediction shows that it will fall below its current level. DOGE is down about 15% in the past month.

Will DOGE Price Surge Continue After 21Shares Files for Dogecoin ETF?

Amid the broader crypto market recovery, Dogecoin (DOGE) saw a sharp upside, gaining 6.9% in the last 24 hours and moving to $0.16 levels. This comes as US President Donald Trump announced a 90-day delay in tariff implementation, and 21Shares submitted its filing for a Dogecoin ETF to the US Securities and Exchange Commission (SEC). Investors are now wondering if the DOGE price surge will continue.